Mount Yale Investment Advisors LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 800.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,233 shares of the semiconductor company’s stock after purchasing an additional 1,985 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Lam Research were worth $386,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cetera Advisors LLC boosted its stake in Lam Research by 13.7% in the first quarter. Cetera Advisors LLC now owns 2,095 shares of the semiconductor company’s stock valued at $425,000 after acquiring an additional 252 shares during the period. Independent Advisor Alliance boosted its stake in Lam Research by 21.0% in the second quarter. Independent Advisor Alliance now owns 1,574 shares of the semiconductor company’s stock valued at $244,000 after acquiring an additional 273 shares during the period. BerganKDV Wealth Management LLC boosted its stake in Lam Research by 7.0% in the second quarter. BerganKDV Wealth Management LLC now owns 4,458 shares of the semiconductor company’s stock valued at $770,000 after acquiring an additional 292 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Lam Research by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 25,437 shares of the semiconductor company’s stock valued at $5,168,000 after acquiring an additional 300 shares during the period. Finally, HGK Asset Management Inc. boosted its stake in Lam Research by 8.9% in the second quarter. HGK Asset Management Inc. now owns 3,686 shares of the semiconductor company’s stock valued at $637,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Shares of NASDAQ LRCX traded up $5.99 during trading on Friday, hitting $143.61. The company had a trading volume of 3,757,923 shares, compared to its average volume of 3,356,249. The stock has a market capitalization of $23.10 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.59 and a beta of 1.33. Lam Research Co. has a 52 week low of $135.99 and a 52 week high of $234.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.31 and a current ratio of 2.90.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $5.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.94 by $0.37. Lam Research had a return on equity of 47.14% and a net margin of 21.49%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company earned $3.11 earnings per share. The firm’s revenue was up 33.3% on a year-over-year basis. On average, research analysts forecast that Lam Research Co. will post 15.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, September 11th. Lam Research’s payout ratio is 24.62%.

A number of equities analysts have commented on LRCX shares. BidaskClub downgraded Lam Research from a “sell” rating to a “strong sell” rating in a research note on Friday, August 31st. Zacks Investment Research cut Lam Research from a “hold” rating to a “sell” rating in a report on Wednesday. Evercore ISI cut their price target on Lam Research to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, July 17th. Deutsche Bank reaffirmed a “hold” rating and set a $170.00 price target (down previously from $230.00) on shares of Lam Research in a report on Monday, October 1st. Finally, Morgan Stanley cut their price target on Lam Research from $219.00 to $208.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $241.85.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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